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Auto Part Maker First Brands' Winding Road Through Ch. 11
Since entering bankruptcy, auto parts company First Brands Group Holdings LLC has ridden out its Chapter 11 as the fulcrum of its own insolvency as well as acrimonious adversary proceedings and the federal prosecution of its founder and his brother regarding allegations of sweeping fraud.
A Key Word For Bankruptcy In 2026 Is 'Retail'
After the headline-grabbing bankruptcies of Saks Fifth Avenue and an Eddie Bauer retail operator early this year, lawyers told Law360 that they expect the retail retrenchment to continue amid flat consumer demand, tight financing conditions and the persistent overhang of chaotic tariff policies.
Hospitals Face 'Perfect Storm' Of Fed. Cuts, Revenue Strains
Facing federal budget cuts, soaring labor costs and a rising tide of uninsured patients, U.S. hospitals are approaching a financial cliff that could trigger a wave of closures nationwide.
Auto Part Maker First Brands' Winding Road Through Ch. 11
Since entering bankruptcy, auto parts company First Brands Group Holdings LLC has ridden out its Chapter 11 as the fulcrum of its own insolvency as well as acrimonious adversary proceedings and the federal prosecution of its founder and his brother regarding allegations of sweeping fraud.
A Key Word For Bankruptcy In 2026 Is 'Retail'
After the headline-grabbing bankruptcies of Saks Fifth Avenue and an Eddie Bauer retail operator early this year, lawyers told Law360 that they expect the retail retrenchment to continue amid flat consumer demand, tight financing conditions and the persistent overhang of chaotic tariff policies.
Hospitals Face 'Perfect Storm' Of Fed. Cuts, Revenue Strains
Facing federal budget cuts, soaring labor costs and a rising tide of uninsured patients, U.S. hospitals are approaching a financial cliff that could trigger a wave of closures nationwide.
Expert Analysis
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Large Cap More
A New York bankruptcy judge on Thursday denied motions by personal injury claimants in the Purdue Pharma LP case to stay the opioid maker's Chapter 11 plan, ruling that delaying the deal would be far too costl... (more story)
A bankrupt watchmaker secured court approval for a sale of some of its assets to a stalking-horse bidder, US Magnesium requested permission to privately sell a turbine, and the one-time CEO of Tricolor Holding... (more story)
A Connecticut judge did not abuse her discretion when she suspended an attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case, the state's professional misconduct... (more story)
BakerHostetler announced on Thursday that it is bolstering its transactions bench with three New York-based mergers and acquisitions attorneys from Loeb & Loeb in a move that the firm says strengthens its offe... (more story)
The creditor litigation trust for the Texas Chapter 11 case of hospital operator Steward Health Care has filed adversary suits against six groups of health insurance companies, seeking payment of covered medic... (more story)
Hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder risk appearing in an upcoming trial without their preferred counsel from the Beasley Allen Law Firm, unless a Ne... (more story)
A film production company has urged a Delaware bankruptcy court not to allow any successful bidder for brand licensing rights of Jack Nicklaus to disturb a biopic screenplay agreement involving an affiliate of... (more story)
A former employee at a facility operated by bankrupt auto parts company First Brands Group LLC and one of its subsidiaries has sued the companies, arguing he and workers like him are owed wages and benefits be... (more story)
A New Jersey bankruptcy judge Wednesday signed off on Chinese state-owned firm CCA Construction Inc.'s Chapter 11 plan, months after the debtor reached a settlement with a Bahamian resort developer whose $1.6 ... (more story)
Saks Global said on Tuesday it plans to close eight Saks Fifth Avenue stores and one Neiman Marcus location in the U.S., as it looks to boost its business through a Chapter 11 restructuring.
Mid Cap More
Florida-based flight simulator company Avenger Flight Group has filed for Chapter 11 protection in Delaware bankruptcy court, saying airline industry headwinds have left it seeking a sale to deal with more tha... (more story)
The former owner of New York City music venue Brooklyn Mirage secured a Delaware bankruptcy judge's approval Thursday to wind down its business under a Chapter 11 plan after nightclub operator Pacha Group agre... (more story)
Blockchain company Archblock on Thursday told a Delaware bankruptcy judge that it has filed for Chapter 11 bankruptcy, seeking an orderly wind-down in the face of tens of millions of dollars in legal claims.
A Texas bankruptcy judge has denied a motion seeking recognition of a Hong Kong insolvency proceeding for ceramics maker Siu-Fung Ceramics Holdings Ltd., finding the company didn't have any assets in the U.S. ... (more story)
A media company has asked a California federal judge to stop a British Formula One racing team and related car designer from enforcing a $36 million arbitral award against it, saying it learned during bankrupt... (more story)
FlexShopper, a lease-to-own consumer purchase financing group, can sell its assets for roughly $15.1 million in Chapter 11, a Delaware bankruptcy judge ruled Wednesday, after the debtor resolved an objection t... (more story)
The bankrupt city of Chester, Pennsylvania, has brought a lawsuit in its longstanding fight over sewer pipe ownership, and the Philadelphia suburb's water authority told a judge Wednesday the city needs a new ... (more story)
Faith-based clothing retailer Altar'd State can proceed with its $7 million opening bid for the intellectual property of bankrupt women's clothing retailer Francesca's, a New Jersey bankruptcy judge said on We... (more story)
Recycling company Aleon Metals and its unsecured creditors have urged a Texas bankruptcy court to approve the debtor's Chapter 11 plan disclosure statement before Saturday so that creditors can vote on its terms.
A Chapter 11 deal to serve up assets of cooking and home goods e-commerce company Food52 Inc. to America's Test Kitchen secured a Delaware Bankruptcy judge's approval Tuesday, one of three sale measures totali... (more story)